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Daimler is willing to discuss possible cooperation in China with Geely Chairman Li Shufu, who took a nearly 10 percent share in the German automaker in February, CEO Dieter Zetsche said.
NEW YORK -- Executives from major automakers raised concerns at the New York auto show about the possibility of a trade war after the Trump
administration imposed tariffs on steel and aluminum imports. The U.S. has proposed tariffs on Chinese goods and pressed the Chinese government to relax tariffs on imported vehicles and rules on joint ventures between Chinese companies and foreign automakers.
The absence of Geely's Li Shufu from the world's biggest auto forums,
such as this week's Geneva show, belies his ambitions. A trip by the
Chinese billionaire to Italy last May could have resulted in a
dramatically reshaped global auto industry.